Columbus, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Columbus, IN Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Columbus Housing Market Information

With a population of 46,690, 18,315 total housing units (homes and apartments), and a median house value of $159,221, Columbus real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Columbus, accounting for 70.25% of the city's housing units. Other types of housing that are prevalent in Columbus include large apartment complexes or high rise apartments ( 16.91%), duplexes, homes converted to apartments or other small apartment buildings ( 6.81%), and a few mobile homes or trailers ( 3.00%).

The most prevalent building size and type in Columbus are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.93% owning and 38.07% renting.

There is a lot of housing in Columbus built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Columbus built between 1940-1969 ( 31.69%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.90%). There's also some housing in Columbus built before 1939 ( 12.17%).

Columbus Home Appreciation Rates

Appreciation rates for homes in Columbus have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.39%, which ranks in the top 30% nationwide. This equates to an annual average Columbus house appreciation rate of 1.17%.

Over the last year, Columbus appreciation rates have trailed the rest of the nation. In the last twelve months, Columbus's appreciation rate has been 2.84%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Columbus were at -1.42%, which equates to an annual appreciation rate of -5.55%.

Notably, Columbus's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Indiana, our data show that Columbus's latest annual appreciation rate is lower than 50% of the other cities and towns in Indiana.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Columbus differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Columbus - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Columbus real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$159,221

Columbus, IN HOME PRICES

Value Range
> $1,086,000 0.3
$814,001 - $1,086,000 0.3
$543,001 - $814,000 1.5
$434,001 - $543,000 2.0
$326,001 - $434,000 5.5
$217,001 - $326,000 16.1
$109,001 - $217,000 44.1
$54,001 - $109,000 24.7
$0 - $54,000 5.6

High for IN
Average for Nation

Value Relative to Nation Value Relative to State
46.0271885620532 21.4932126696833

Number Of Homes And Apartments:
18,315

Columbus Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
26.20% 1.36% 7 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,018 / per month

Homeownership Rate

Homeownership
Owners 61.93
Renters 38.07
Vacant 7.17

Housing Market Details

 

Age of Homes

AGE OF Columbus HOMES
2000 or Newer 16.9
1970 - 1999 39.2
1940 - 1969 31.7
1939 or Older 12.2

Types of Homes

TYPE OF Columbus HOMES
Single-Family 70.2
Townhomes 3.0
Small Apt. Buildings 6.8
Apt. Complexes 16.9
Mobile Homes 3.0
Other 0.0

Home Size

SIZE OF Columbus HOMES
No Bedroom 2.35
1 Bedroom 11.46
2 Bedrooms 26.23
3 Bedrooms 40.70
4 Bedrooms 15.58
5 or more bedrooms 3.67